Jayce Co. reported Cash and Cash Equivalents worth $5,800,000 on December 31, 2020. When the entity's financial statements were being prepared, the following information were taken into consideration with regard to its cash and cash equivalents: a. A check from a customer amounting to $65,000 was dated December 28, 2020. It was included in the entity's account, but it was not signed by the payee. b. A check written to a supplier having a face value of $140,000 dated May 15, 2020 was not presented to the bank by the end of the year. c. An electronic fund transfer of $300,000 was not reflected in the entity's books as of December 31, 2020. d. Cash receipts amounting to $200,000 which were dated January 2021 were included in Kisses' December 2020 books. e. Cash disbursements made at the last week of December totaling $350,000 were recorded in the January 2021 books. f. Chicago Trust Bank account of $5,800,000 is a foreign-currency denominated account, translated to Dollars using the appropriate rate as of December 31, 2019, which was $1:P49 The average and closing rate on December 31, 2020, were $1.25 and $1.50, respectively How much is the correct Cash and Cash Equivalents account of Jayce as of December 31, 2020?
Jayce Co. reported Cash and Cash Equivalents worth $5,800,000 on December 31, 2020. When the entity's financial statements were being prepared, the following information were taken into consideration with regard to its cash and cash equivalents:
a. A check from a customer amounting to $65,000 was dated December 28, 2020. It was included in the entity's account, but it was not signed by the payee.
b. A check written to a supplier having a face value of $140,000 dated May 15, 2020 was not presented to the bank by the end of the year.
c. An electronic fund transfer of $300,000 was not reflected in the entity's books as of December 31, 2020.
d. Cash receipts amounting to $200,000 which were dated January 2021 were included in Kisses' December 2020 books.
e. Cash disbursements made at the last week of December totaling $350,000 were recorded in the January 2021 books.
f. Chicago Trust Bank account of $5,800,000 is a foreign-currency denominated account, translated to Dollars using the appropriate rate as of December 31, 2019, which was $1:P49 The average and closing rate on December 31, 2020, were $1.25 and $1.50, respectively
How much is the correct Cash and Cash Equivalents account of Jayce as of December 31, 2020?
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